Economics, in the modern sense of the word, was introduced into
Japan in the second half of the nineteenth century. However,
Japanese thinkers had already developed, during the seventeenth and
eighteenth centuries, a variety of interesting approaches to issues
such as the causes of inflation, the value of trade, and the role
of the state in economic activity. Tessa Morris-Suzuki provides the
first comprehensive English language survey of the development of
economic thought in Japan. She considers how the study of
neo-classical and Keynesian economics was given new impetus by
Japan's 'economic miracle' while Marxist thought, particularly well
established in Japan, was developing along lines that are only now
beginning to be recognized by the West. She concludes with an
examination of the radical rethinking of fundamental economic
theory currently occuring in Japan and outlines some of the
exciting new approaches which are emerging from this 'shaking of
the foundations.
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